Craig Wright, who is still suspected as the possible creator of bitcoin by the community, is now the centre of a criminal investigation with serious allegations, handled by the Australian Taxation Office’s (ATO) evasion and CI unit.
According to recent reports, it seems like the Australian Federal Police alongside with the ATO have been reviewing claims associated with millions of dollars paid to companies owned or associated with Wright.
During the investigation, Law enforcement units have interviewed Wright’s former business partners about various tax claims that he made through his businesses. Together with this, the ATO has also questioned his associates about deals worth of over $300 million that have been carried out via bitcoin. The first aim of the investigation is to figure how much bitcoin Wright has, and whether it mirrors the tax claims that have been made. To further understand bitcoin, is it believed that the ATO simulated their bitcoin transactions, to see individuals carry out trades, or prove their ownership of the digital currency.
While various publications have accused Wright of being the creator of Bitcoin due to a series of leaked emails, Australian authorities do not buy these claims. In fact, they believe that Wright himself may have created the hoax to distract authorities from his tax issues.
At this moment in time, Australian authorities believe that Wright has left the country and that he is in England.
Based on everything that has been outlined so far, what do you think about the allegations against Wright? Is there any sense in them? Let us know your thoughts in the comment section below.
If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.
TRON ended November as the top blockchain by fees, extending its dominance in payment infrastructure…
Prediction markets just locked in another breakout month. November closed with $14.3 billion in total…
Trust Wallet is stepping into a completely new lane. The CZ-owned self-custody wallet has launched…
Kraken has announced the acquisition of Backed, the tokenization platform behind some of the fastest-growing…
Sui Pauses & AVAX Rebounds While Zero Knowledge Proof’s 200M Daily Presale Auction Goes Live,…
Europe just shut down one of crypto’s longest-running shadows. Germany and Switzerland, backed by Europol,…